Foe fuck sake, how I can withdraw some money #asknostr

hey folks,

i'm thinking about to use an lightning wallet in an more private way

so my approach is to use an emmbedded node like the integrated one in zeus.

If i want to do so, how much channels do i have top open or does this makes on his own. or is this an overkill for private use.

best regards

#help #zeus #asknostr #node

💯 ack

Esp. The crypto part has to be peer reviewed the devs from the ecashu wallet said so too.

Yes fedimint is much more alike with liquid in terms of the multisig security measures. Of course fedimint multisig quorums can vary, and your exposure to a mint should reflect your risk tolerance, balanced with how much you trust the key holders/mint operators.

I would agree with your thoughts around cashu as well. Best for smaller trusted communities. This is assuming a user has actually vetted the mint they are using - which I'm unsure how one would best do that given the early stage things are at. Over time some mints may become more trustworthy just by virtue of their track record.

I figure as long as people are aware of what these tools do, they will need to use their own best judgement as to which (if any) are suitable for them.

Hold on, it sounds like you may not understand how a withdrawal from cashu works.

A cashu mint is just someone else's lightning node. When you send a lightning transaction to their node, they mint chaumian ecash for you that is spendable within the mint. Any transaction to a destination outside of the mint (aka a withdrawal) requires the mint operator to allow for the redemption. This can be rugged at any time, meaning you do indeed need a middle man (the person running the node) to allow you to do so.

Alby is also a middle man. They are holding the funds on their lightning node and could deny you the ability to withdraw at any time. Not saying they will, but it's possible.

Liquid is a similar model, but it isn't a single counterparty. Rather, it is a group of 15 entities around the world (Bull Bitcoin, Bitfinex, Jan3, Zaprite, and others). In order to rugpull it would require 11 of them to collude.

I'm unsure if you misunderstood how these systems work, or if there's another aspect I'm missing in which you've labeled only one of these three custodial solutions as shitcoins...

nos2x-fox

What is the best lightning wallet to use with #amethyst & #nostr

#asknostr

I am currently using WoS but get reports of people trying to zap having problems.

I was looking at Agua but do not like the fees

look like not yet

What is a feature that Damus has which Amethyst does not?

they also have the blog feature, where another person can pass around your messages

What are some reliable Cashu mints? #cashu 🤔

What if ..

I use only the mint for myself creating cashu token without participants do i gain also little bit more anonymity than i use an normal lightning wallet like wos,phoenix.

(no self hosted Node)

My apologies - sms4sats not the other way around.

Yeah I mean at the protocol side not the wallet one iforgot to mention this , my fault

.

In case someone holding your funds becomes unreachable, how do we improve this?

The protocol is a very young trusted system in its development phase. Mints are also not professionally managed at the moment and may go down temporarily or have other issues.

I strongly advice to exercise caution and only use it with small amounts for experimental or educational purposes.

If the node never comes up again, there is no way to reclaim it other than asking the mint operator to reimburse you.

Thank you!